China says forcing Chinese firms off US exchanges will harm US

Reuters
Chinese Foreign Ministry spokesman Geng Shuang takes a question during the daily press briefing in Beijing on March 18, 2020. (File/AFP)
  • Shuang also accused Washington of making hasty generalizations about China-based companies’ accounting practices

BEIJING: China said on Friday that forcing Chinese firms to retreat from US stock exchanges would severely harm US interests.
In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalizations about China-based companies’ accounting practices.
He made the remarks when asked about remarks by US Secretary of State Mike Pompeo warning American investors about fraudulent accounting practices of China-based firms.